Flows and Orders/FXWW News/GBP crosses

EUR/GBP: Major selling flows expected during European session

Our resident hedge fund insider @FXWW888 has been updating us via the FXWW-RM chat-room on all the latest news surrounding the big EUR/GBP selling flow which is due to be completed later today. Gossip has it that not all of the EUR4  billion has been completed.

Overall downward pressure on EUR/GBP is likely to stay in place, in my biased opinion, but I prefer to sell rallies rather than breaks regardless of what the flow info is.

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